Gulton Foundation Inc
Gulton Foundation consistently spends more than it earns, drawing down its asset base while reporting no officer compensation.
EIN: 136105207 · Chester, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $661K |
| Total Expenses | $179K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $2.9M |
| Transparency Score | 85/100 |
Is Gulton Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gulton Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gulton Foundation Inc
Gulton Foundation Inc (EIN: 136105207) is a nonprofit organization based in Chester, NJ. The organization reported total revenue of $661K and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gulton Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gulton Foundation Inc is a small nonprofit that has been operating for 63 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -4.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $148K |
| Total Expenses | $179K |
| Surplus / Deficit | $-31,370 |
| Total Assets | $2.9M |
| Total Liabilities | $1 |
| Net Assets | $2.9M |
| Operating Margin | -21.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 197.0 months |
Financial Health Grade: B
In 2024, Gulton Foundation Inc reported a deficit of $31K with expenses exceeding revenue, holds 197.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Gulton Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -32.5% | -65.8% | -1.1% |
| 2023 | +11.9% | +47.0% | -9.3% |
| 2022 | -46.4% | -40.0% | -4.7% |
| 2021 | +59.6% | +20.5% | -6.7% |
| 2020 | -37.8% | -5.3% | -6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1963 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gulton Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Gulton Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Gulton Foundation consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with assets nearing $3 million. This suggests either a fully volunteer board and executive team or compensation structured in a way not reported as officer compensation on the 990, indicating a strong commitment to directing funds towards its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Gulton Foundation Inc's IRS 990 filings:
- Consistent spending exceeding revenue, leading to a significant decline in assets over time (e.g., assets nearly halved from 2012 to 2024).
Strengths
The following positive indicators were identified for Gulton Foundation Inc:
- Zero reported officer compensation across all filings, indicating high efficiency and dedication to mission.
- Extremely low liabilities, consistently reported as $1, demonstrating strong financial solvency.
- Clear operational model as a grant-making foundation drawing down its endowment.
Frequently Asked Questions about Gulton Foundation Inc
Is Gulton Foundation Inc a legitimate charity?
Gulton Foundation Inc (EIN: 136105207) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $661K. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Gulton Foundation Inc spend its money?
Gulton Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Gulton Foundation Inc tax-deductible?
Gulton Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136105207). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gulton Foundation Inc CEO make?
Gulton Foundation Inc's highest-compensated officer earns $3 annually. The organization reported $661K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Gulton Foundation Inc located?
Gulton Foundation Inc is headquartered in Chester, New Jersey and files with the IRS under EIN 136105207.
How many years of IRS 990 filings does Gulton Foundation Inc have?
Gulton Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $661K in total revenue.
Is Gulton Foundation Inc. a good charity?
Based on the available data, Gulton Foundation Inc. demonstrates strong financial health in terms of low liabilities and no reported officer compensation, suggesting efficient use of funds. However, its consistent spending exceeding revenue and declining asset base indicate it's operating as a spend-down foundation, which isn't inherently 'bad' but means its longevity is tied to its current assets.
What is the primary financial trend for Gulton Foundation Inc.?
The primary financial trend is a consistent decline in assets, from $5,717,473 in 2012 to $2,943,761 in 2024, driven by expenses consistently exceeding revenue. For example, in 2023, expenses were $524,625 while revenue was $219,140.
How does Gulton Foundation Inc. manage its liabilities?
The organization consistently reports extremely low liabilities, often just $1, across all available filings, indicating excellent financial management and minimal debt.
What is the implication of 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation on the 990. This is a strong indicator of dedication to the mission and efficient use of funds, as administrative overhead related to executive salaries is absent.
Filing History
IRS 990 filing history for Gulton Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Gulton Foundation Inc's revenue has declined by 39.4%, moving from $244K to $148K. Total assets decreased by 48.5% over the same period, from $5.7M to $2.9M. Total functional expenses fell by 69.7%, from $592K to $179K. In its most recent filing year (2024), Gulton Foundation Inc reported a deficit of $31K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $148K | $179K | $2.9M | $1 | — | — |
| 2023 | $219K | $525K | $3.0M | $1 | — | View 990 |
| 2022 | $196K | $357K | $3.3M | $1 | — | View 990 |
| 2021 | $366K | $595K | $3.4M | $1 | — | View 990 |
| 2020 | $229K | $494K | $3.7M | $17K | — | View 990 |
| 2019 | $369K | $521K | $3.9M | $0 | — | View 990 |
| 2015 | $288K | $584K | $4.8M | $0 | — | View 990 |
| 2014 | $316K | $599K | $5.1M | $0 | — | View 990 |
| 2013 | $249K | $586K | $5.4M | $0 | — | View 990 |
| 2012 | $244K | $592K | $5.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $148K, expenses of $179K, and assets of $2.9M (revenue -32.5% year-over-year).
- 2023: Revenue of $219K, expenses of $525K, and assets of $3.0M (revenue +11.9% year-over-year).
- 2022: Revenue of $196K, expenses of $357K, and assets of $3.3M (revenue -46.4% year-over-year).
- 2021: Revenue of $366K, expenses of $595K, and assets of $3.4M (revenue +59.6% year-over-year).
- 2020: Revenue of $229K, expenses of $494K, and assets of $3.7M (revenue -37.8% year-over-year).
- 2019: Revenue of $369K, expenses of $521K, and assets of $3.9M (revenue +27.9% year-over-year).
- 2015: Revenue of $288K, expenses of $584K, and assets of $4.8M (revenue -9.0% year-over-year).
- 2014: Revenue of $316K, expenses of $599K, and assets of $5.1M (revenue +27.2% year-over-year).
- 2013: Revenue of $249K, expenses of $586K, and assets of $5.4M (revenue +1.9% year-over-year).
- 2012: Revenue of $244K, expenses of $592K, and assets of $5.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gulton Foundation Inc:
Data Sources and Methodology
This transparency report for Gulton Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.